UiPath (NYSE:PATH) Price Target Lowered to $11.50 at BMO Capital Markets

UiPath (NYSE:PATH) had its target price lowered by BMO Capital Markets from $16.00 to $11.50 in a report issued on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 8.64% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Canaccord Genuity Group cut their price objective on UiPath from $19.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on UiPath from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Royal Bank of Canada decreased their price objective on shares of UiPath from $16.00 to $13.00 and set a “sector perform” rating on the stock in a report on Thursday. UBS Group lowered their price objective on shares of UiPath from $14.00 to $10.00 and set a “sell” rating for the company in a research report on Thursday. Finally, Morgan Stanley decreased their price target on UiPath from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, UiPath has an average rating of “Hold” and a consensus price target of $14.53.

UiPath Trading Up 6.2 %

Shares of PATH stock traded up $0.62 during trading hours on Friday, reaching $10.59. 10,723,590 shares of the company’s stock were exchanged, compared to its average volume of 10,252,610. UiPath has a 1 year low of $9.50 and a 1 year high of $23.97. The stock’s fifty day moving average price is $13.41 and its two-hundred day moving average price is $13.16. The stock has a market cap of $5.82 billion, a PE ratio of -66.16 and a beta of 1.00.

Insiders Place Their Bets

In other UiPath news, CFO Ashim Gupta sold 47,227 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.06, for a total value of $616,784.62. Following the transaction, the chief financial officer now directly owns 856,538 shares of the company’s stock, valued at $11,186,386.28. This represents a 5.23 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Hitesh Ramani sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $13.05, for a total transaction of $326,250.00. Following the sale, the chief accounting officer now directly owns 269,421 shares of the company’s stock, valued at $3,515,944.05. The trade was a 8.49 % decrease in their position. The disclosure for this sale can be found here. 22.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of UiPath by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 46,664,124 shares of the company’s stock valued at $593,101,000 after acquiring an additional 576,458 shares in the last quarter. Senvest Management LLC boosted its position in UiPath by 29.2% during the 4th quarter. Senvest Management LLC now owns 14,074,783 shares of the company’s stock worth $178,890,000 after acquiring an additional 3,180,300 shares during the period. Geode Capital Management LLC increased its holdings in shares of UiPath by 7.2% during the third quarter. Geode Capital Management LLC now owns 7,312,068 shares of the company’s stock valued at $93,619,000 after purchasing an additional 493,502 shares during the period. AQR Capital Management LLC increased its holdings in shares of UiPath by 45.3% during the fourth quarter. AQR Capital Management LLC now owns 6,646,320 shares of the company’s stock valued at $84,209,000 after purchasing an additional 2,072,089 shares during the period. Finally, Norges Bank bought a new stake in shares of UiPath during the fourth quarter valued at about $71,191,000. 62.50% of the stock is currently owned by institutional investors.

UiPath Company Profile

UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization.